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Dometic Group Q1 profit climbs YOY

Dometic Group AB said its first-quarter normalized net income was 99.4 million kronor, a rise from 13.1 million kronor in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 3.5% from 0.7% in the year-earlier period.

Total revenue climbed 43.7% on an annual basis to 2.88 billion kronor from 2.00 billion kronor, and total operating expenses climbed 43.7% from the prior-year period to 2.51 billion kronor from 1.75 billion kronor.

Reported net income came to 161.0 million kronor, compared with a loss of 1.0 million kronor in the year-earlier period.

As of April 30, US$1 was equivalent to 8.35 Swedish kronor.